The Export-Import Bank of China issued three batches of financial bonds on Friday, which drew strong demands from investors. The three batches of bonds bear a maturity of 3 years, 5 years and 10 years, with auction yields reaching 3.53 percent, 3.81 percent and 4.1333 percent respectively.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 3-year, 5-year and 10-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 3.5753 percent, 3.8304 percent and 4.1608 percent respectively.
Market players disclosed that the subscription ratios reached 3.82, 3.14 and 4.05 times the volume offered respectively. "With the unlocking of a large amount of capital which was used to subscribe for the initial public offering of shares, the liquidity condition turns loose on the whole, which bolsters bond market to some extent," said analysts.
These are the additional issue of the 8th batch of bonds offered by the bank in 2015 and the fresh offering of the 12th and 13th batches. The raised funds will be used as credit loans of the bank.
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